Cynthia Olsen is an experienced Redmond condo Realtor you can trust
Why work with anything less than an expert in the complex Redmond condo real estate industry? By remaining attentively focused on the Redmond condominium market, Cynthia can help streamline your purchase and ensure you get the most from your investment.
Take the hassle out of finding the perfect condominium in Redmond by contacting our real estate office today.
Your Redmond condo Realtor should do far more than help you find a place that you like. Numerous considerations must be made before making your purchase, so it’s essential that you do everything possible to understand every detail regarding the Home Owner’s Association (HOA), Covenants, Conditions & Restrictions (CC&Rs), and the condo’s Resale Certification.
It also makes sense to work with a professional Realtor who remains highly focused on the Redmond real estate market. Cynthia Olsen’s will provide you with far more answers than the typical Redmond Realtor because of her unique involvement in the local industry. As an owner, and manager there is no greater local Real Estate expert in the area.
Are you ready to find the perfect condo and live your best life? Let’s get started.
As we answer these questions, we further narrow your search. Cynthia’s vast knowledge of the Redmond real estate industry helps you quickly streamline this process, which should also be exciting and rewarding. When you eventually select a property, she will then help you fully understand all of the documents pertinent to the property and the sale. This includes special assessments, fees, CC&Rs, financials, and reserve studies.
This comprehensive approach from a Redmond condo Realtor is unique and helps ensure that your investment is sound. By providing far more answers than a typical Realtor, you get even more value from your purchase.
Cynthia’s experience in the Redmond condo real estate industry has helped her maintain and develop relationships with industry insiders in a number of business fields. These are valuable resources for the condo buyer because it helps you overcome challenges you likely never knew existed.
As a trusted and highly regarded Redmond condo Realtor, Cynthia is also highly focused on comprehensive customer care. She is more than happy to answer any and all of your real estate questions, which simplifies the buying process and ensures a quality investment. Trust, ethics, dedication, and dependability are the cornerstones of Cynthia’s approach to real estate and it’s how she developed her stellar reputation.
Finding the perfect condo in Redmond is a phone call away
The Resale Certificate – This document is assembled by the Condominium’s Management Company or Homeowners Association. If you’re purchasing a condo that’s part of an association, the information in this document is relevant and important. It outlines whether your property has any restrictions on how it may be sold. It also includes information regarding anticipated repairs, assessment, judgments, lawsuits, number of units and occupancy, code violations, leases, completion of construction, conversions, financing approval, non-conforming use, insurance, warranties and warranty claims, and alterations or improvements to the unit that violate the declaration. Obviously, this is a lot to unpack, so it makes sense to review this document with someone who can intelligently interpret its contents.
Declaration of Covenants, Conditions and Restrictions (CC&R’s) – This documentation outlines both the rights, and the obligations, of the HOA and each owner. The CC&Rs automatically bind the property owner after they’ve been recorded in the county where the condo property is located.
Articles of Incorporation – These documents contain the name of the association’s initial agent, the person authorized to receive legal notices, and a statement that the association is a nonprofit mutual benefit corporation. Sometimes this documentation will include information regarding amendments, directors, voting, and association dissolution. Articles of Incorporation are prepared by an attorney for the developers before being reviewed by a government agency. When finished, they are filed with the Secretary of State.
Condominium Bylaws – This documentation outlines and describes association management and the mechanics of their decision making authority. Condo bylaws typically include:
- Total number of officers and directors
- Selection methods for condo officers and directors
- Notice, meeting, and voting procedures for owners and board decisions
- Association record keeping and reporting requirements
The Rules and Regulations – This is the document that empowers the HOA of the Redmond condo to enforce rules and regulations and provide user restrictions. It may also apply to topics like building alterations, signage, waste disposal, parking, people, pets, and recreational facilities.
The Reverse Study – This is the long term and capital budgeting study. It is ordered by the condo association to assess its current and long term repair items, and as a capital budget funding tool to offset and provide adequate funding for ongoing maintenance. The Reverse Study also anticipates possible common area expenditures.
Financial – This documentation outlines the financial stability of the Homeowners Association you are buying or selling. The document also includes the Annual and Current Financial Statement for the HOA and the current operating budget.